The Sensex and Nifty indices experienced gains in early trade, driven by robust domestic macroeconomic data and positive global cues. The BSE Sensex rose by 192.32 points (0.26%) to reach 74,222.08, while the NSE Nifty climbed 21.75 points (0.1%) to 22,492.25.
Key contributors to the market’s rise included heavyweights like ICICI Bank and Reliance Industries. Stocks such as Tata Steel, Bajaj Finserv, and Bharti Airtel also performed well. On the other hand, companies like IndusInd Bank, ITC, and Tata Motors saw declines.
The positive sentiment was bolstered by a decline in retail inflation to a seven-month low of 3.61% in February, attributed to easing prices of vegetables and other essentials. Additionally, industrial production growth accelerated to 5% in January, reflecting a rebound in manufacturing activity. However, global trade tensions, including retaliatory tariffs between the U.S., EU, and Canada, posed challenges to sustained market rallies. Analysts suggested that investors focus on domestic consumption themes amid these global uncertainties
